Bank Mandiri Borong 3.000 CO2 On The Carbon Exchange

Bank Mandiri (Photo: Doc. Antara)

JAKARTA - PT Bank Mandiri (Persero) Tbk (BMRI) stated that it had purchased 3,000 tons of CO2 (carbon units) in the early stages of trading on carbon exchanges. This is an effort to support the government's target to reduce national emissions.

Corporate Secretary of PT Bank Mandiri Tbk Rudi Asaturridha said the company positively welcomed all regulations, namely POJK which will be regulated regarding the carbon market trading scheme.

"This is to support the low-carbon economic transition and accelerate Indonesia's target towards Net Zero Emission (NZE) 2060," Rudi said, quoting Antara, Wednesday, September 27.

He continued, the company is committed to prioritizing Environmental, Social, and Governance (ESG) in the business and operational aspects, with the vision of Becoming Indonesia's Sustainability Champion for a Better Future through three pillars of sustainability.

"The three pillars include Sustainable Banking, Sustainable Operation, and Sustainability Beyond Banking," said Rudi.

In addition, the company is committed to achieving Lead Indonesia's Transition to Low Carbon Economy, Net Zero Emissions in Operations by 2030, and Catalyzing for Social Impact to Achieve SDGs.

In the pillars of Sustainable Banking, Rudi explained, the company is committed to increasing the sustainable portfolio according to POJK 51/2017, and developing sustainable financial products in the wholesale and retail segments.

As of June 2023, it was noted that the company had distributed a sustainable portfolio of 242 Mr. Tn or 25 percent of the total portfolio with a green financing portion of IDR 115 trillion.

"Through green financing, the company has financed various environmental business activities and renewable energy projects, as well as clean transportation," said Rudi.

Then, the company already has green financial instrument products, including Sustainability Bonds, Green Bonds, ESG Repo, ESG Investment in the form of green mutual funds, as well as retail segment financing on EVs and solar panels.

In the pillars of the Sustainable Operation, continued Rudi, the company seeks to reduce the carbon footprint and emissions from the company's operational activities, as well as implement a green business mindset for all employees, with this initiative it is hoped that all independent people will have a mindset and work pattern that prioritizes the ESG aspect.

In the pillars of Sustainability Beyond Banking, the company actively increases financial inclusion and financial literacy through the distribution of People's Business Credit (KUR), Mandiri Agent development, collaboration with fintech such as Amartha & Crowde, farmer development through the Rice Milling Unit (RMU) program, and cooperating with Indonesian Migrant Workers (PMI) in the Mandiri Program.